Catholic University of America , Washington, added active domestic...

Catholic University of America, Washington, added active domestic small-cap equities as a new asset class, following an asset allocation review of the $140 million endowment, said Ralph H. Beaudoin, vice president of finance and treasurer. The endowment increased its overall equity allocation to 40% from 35%, with the addition going entirely into small-cap stocks, Mr. Beaudoin said. Funding will come from reducing alternatives to 15% from 20% of total assets, with the reduction coming from hedge funds, he said.